Associate Professor Aaron Gilbert

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Head of Department - Finance

Email: aaron.gilbert@aut.ac.nz

ORCID: ORCID logo https://orcid.org/0000-0002-7338-5701

Links to relevant web pages:

Academic appointments:

  • Head of Department, AUT University (2018 - ongoing)
  • Associate Professor, AUT University (2015 - ongoing)

Qualifications:

  • Doctor of Philosophy, AUT University
  • Masters of Management Studies, University of Waikato
  • Bachelor of Management Studies Conjoint with Bachelor in Laws (Hons), University of Waikato

Professional activities:

Featured professional activities

    Appointment, affiliation, and membership

    • Member of the Governing Board, FIRN (2018 - ongoing)
    • Fellow, Institute of Finance Professionals New Zealand - INFINZ (2014 - ongoing)

    Award, prize, fellowship, and scholarship

    • NZX Award for Outstanding Research, New Zealand Stock Exchange (2019)
    • Best Paper in Capital Markets, Ministry of Business, Innovation and Employment (2018)
    • Best Paper in Corporate Governance, Accounting and Finance Association of Australia and New Zealand (2015)
    • Best Paper on Personal Financial Education, New Zealand Centre for Personal Financial Education (2012)
    • Best Paper in the Field of Investments, Institute of Finance Professionals NZ (2011)
    • Best paper using SIRCA Data, SIRCA (2008)
    • AUT University Business School Recognition for Research Excellence, AUT University (2008)
    • Best Paper in the Field of Corporate Finance/Financial Market Regulation, New Zealand Finance Colloquium (2007)
    • AUT University Business School Emerging Researcher Award, AUT University Faculty of Business (2007)
    • Top Acheivers Doctoral Scholarship, Foundation of Research, Science and Technology (2003 - ongoing)

    Editorship, reviewing, examining, and judging

    • Peer Reviewer, Commission for Financial Capability (2020)
    • PhD Examiner, Monash University (2019)
    • PhD Examiner, Massey University (2018)
    • PhD Examiner, University of Canterbury (2013)
    • PhD Symposium Reviewer, Finance and Corporate Governance Conference (2012)

    Facilitation, networking and collaboration

    • Meeting Organiser, New Zealand Finance Colloquium 2020 (2020 - ongoing)
    • Organiser, Auckland Centre for Financial Research and Massey University Fin-Ed Centre Money Week Symposium (2013 - ongoing)
    • Organiser, New Zealand Capital Markets Symposium (2013 - ongoing)
    • Organiser, Auckland Centre for Financial Research and Massey University Fin-Ed Centre Money Week Symposium (2012 - ongoing)

      Outreach and engagement

      • Radio Interview - bFM (2020)
      • Submission on KiwiSaver Default Provider Arrangements Review (2019)
      • Quoted in Article (2019)
      • Media article based on research (2019)
      • Quoted in Article (2019)
      • Submission on Retirement Review 2019 (2019)
      • Podcast Interview - Cooking the Books Podcase NZME (2019)
      • Quoted in Article (2019)
      • Interviewed for Book (2019)
      • Quoted in Article (2019)
      • TV Interview - One News at 6pm (2019)
      • Quoted in Article (2019)
      • Quoted in Article (2019)
      • Quoted in Article (2019)
      • Quoted in Article (2019)
      • Quoted in Article (2019)
      • Quoted in Article (2018)
      • Quoted in Articles (2018)
      • Quoted in Articles (2018)
      • Industry Article (2018)
      • Quoted in Article (2018)
      • Quoted in Article (2018)
      • Radio Interview - Radio NZ (2018)
      • Quoted in Article (2018)
      • Quoted in Article (2018)
      • Industry Article (2018)
      • Industry Article (2018)
      • Interviewed for Article (2018)
      • Podcast Interview - Cooking the Books Podcast NZME (2018)
      • Quoted in Article (2018)
      • Media Articles based on research (2018)
      • Quoted in Article (2018)
      • Quoted in Article (2018)
      • Quoted in Article (2018)
      • Radio Interview - Radio NZ (2018)
      • Quoted in Article (2018)
      • TV Interview - Breakfast (2018)
      • Quoted in Article (2018)
      • Quoted in Article (2018)
      • Article based on interview (2017)
      • Quoted in Article (2017)
      • Opinion Article (2017)
      • Opinion Article (2017)
      • Media Articles based on research (2017)
      • Quoted in Article (2017)
      • Opinion Article (2017)
      • Media Article based on research (2014)
      • Opinion Article (2014)

      Invitation to present research

      • Research Seminar, University of Otago (2016)
      • Invited Presentation, Financial Markets Authority Office, Auckland (2014)
      • Pre Summit Workshop on Research and Evaluation, 2013 Financial Literacy Sum, Auckland, New Zealand (2013)
      • Research Seminar, Victoria University of Wellington, Wellington (2012)
      • Research Seminar, Massey University (2011)
      • Research Seminar, Radboud University, Nijmegan, The Netherlands (2007)

Research outputs:

Journal articles

  • Gilbert, A., & Tourani-Rad, A. (2020). Do penalties matter? The impact of the introduction of financial penalties in the United Kingdom for insider trading. Applied Economics, 52(24). doi:10.1080/00036846.2019.1693697

  • Poyser, A., Scott, A., & Gilbert, A. (2020). Indigenous investments: Are they different? Lessons from Iwi. Australian Journal of Management. doi:10.1177/0312896220935571

  • Gilbert, A., Scott, A., & Xu, S. (2019). Economies of scale: The case of KiwiSaver fees. Pacific Accounting Review, 31(4), 695-710. doi:10.1108/PAR-04-2019-0040

  • Gilbert, A., & Scott, A. (2017). Short and sweet or just short? The readability of product disclosure statements. Applied Finance Letters, (1). doi:10.24135/afl.v6iI.79

  • Dye, J., Gilbert, A., & Pacheco, G. (2017). Does integration lead to lower costs of equity?. Australian Journal of Management, 42(1). doi:10.1177/0312896215576810

  • Frijns, B., Gilbert, A., & Zwinkels, R. C. J. (2016). On the style-based feedback trading of mutual fund managers. Journal of Financial and Quantitative Analysis, 51(3). doi:10.1017/S0022109016000454

  • Dodd, O., & Gilbert, A. (2016). The impact of cross-listing on the home market’s information environment and stock price efficiency. The Financial Review, 51(3). doi:10.1111/fire.12110

  • Tourani-Rad, A., Gilbert, A., & Chen, J. (2016). Are foreign IPOs really foreign? Price efficiency and information asymmetry of Chinese foreign IPOs. Journal of Banking and Finance, 63. doi:10.1016/j.jbankfin.2015.08.006

  • Dodd, O., Frijns, B., & Gilbert, A. (2015). On the role of cultural distance in the decision to cross-list. European Financial Management, 21(4). doi:10.1111/j.1468-036X.2013.12038.x

  • Frijns, B., Gilbert, A., & Tourani-Rad, A. (2015). The determinants of price discovery: Evidence from US-Canadian cross-listed shares. Journal of Banking and Finance, 59. doi:10.1016/j.jbankfin.2015.07.011

  • Frijns, B., Gilbert, A., & Tourani-Rad, A. (2014). Learning by doing: The role of financial experience in financial literacy. Journal of Public Policy, 34(1). doi:10.1017/S0143814X13000275

  • Frijns, B., Gilbert, A., & Tourani-Rad, A. (2014). Crossing the Tasman: Determinants of price discovery for Australia-New Zealand crosslisted shares. Pacific Accounting Review, 26(3). doi:10.1108/PAR-06-2013-0053

  • Frijns, B., Gilbert, A., & Tourani-Rad, A. (2014). New Zealand capital markets. Pacific Accounting Review, 26(3). doi:10.1108/PAR-02-2014-0012

  • Frijns, B. P. M., Gilbert, A., Lehnert, T., & Tourani-Rad, A. (2013). Uncertainty avoidance, risk tolerance and corporate takeover decisions. Journal of Banking and Finance, 37(7). doi:10.1016/j.jbankfin.2013.02.010

  • Frijns, B., Gilbert, A., & Tourani Rad, A. (2013). Do criminal sanctions deter insider trading?. The Financial Review, 48(2). doi:10.1111/fire.12001

  • Frijns, B. P. M., Gilbert, A., & Tourani-Rad, A. (2013). Why do financial literacy programmes fail?. Applied Finance Letters, 2(1).

  • Frijns, B., Gilbert, A., & Zwinkels, R. C. J. (2013). Market timing ability and mutual funds: A heterogeneous agent approach. Quantitative Finance, 13(10). doi:10.1080/14697688.2013.791749

  • Andersen, A. N., Gilbert, A., & Tourani-Rad, A. (2013). Breach of continuous disclosure in Australia. JASSA: The Finsia Journal of Applied Finance, (4). Retrieved from http://finsia.com/

  • Frijns, B., Gilbert, A., & Tourani-Rad, A. (2012). New Zealand insider trading regulation: A market assessment. JASSA: The Finsia Journal of Applied Finance, 4. Retrieved from https://www.finsia.com/

  • Frijns, B., Gilbert, A., & Tourani Rad, A. (2011). Regulation and Market Efficiency: The impact of Criminal Sanctions for Insider Trading on Transaction Costs. INFINZ Journal.

  • Frijns, B. P. M., Gilbert, A., & Tourani-Rad, A. (2011). Heterogeneity and Sentiment in the Stock Market. International Journal of Behavioural Accounting and Finance, 2(2). Retrieved from http://www.inderscience.com/search/index.php?action=record&rec_id=42568

  • Frijns, B., Gilbert, A., & Tourani-Rad, A. (2010). The dynamics of price discovery for cross-listed shares: Evidence from Australia and New Zealand. Unknown Journal, 34(3), 498-508.

  • Frijns, B., Gilbert, A., & Tourani Rad, A. (2009). The dynamics of price discovery for cross-listed chares: Evidence from Australia and New Zealand. Journal of Banking and Finance, 34.

  • Frijns, B., Gilbert, A., & Reumers, P. (2008). Corporate Ownership and Firm Performance: Evidence from the Netherlands. Corporate Ownership and Control, 5.

  • Frijns, B., Gilbert, A., & Tourani Rad, A. (2008). Insider Trading, Regulation and the Components of the Bid-Ask Spread. Journal of Financial Research, 31(3).

  • Gilbert, A., & Tourani Rad, A. (2008). The impact of regulations on the informational basis of insider trading. Australian Journal of Management, 33(2).

  • Frijns, B., Gilbert, A., & Tourani Rad, A. (2007). Insider Trading Laws: What Works and What Doesn't. Competition and Regulation Times, (24).

  • Gilbert, A., & Tourani Rad, A. (2007). Insiders and the law: The impact of regulatory change on insider trading. Management International Review, 47(5).

  • Frijns, B., Gilbert, A., & Tourani Rad, A. (2007). Insider Trading Laws What Works and What Doesn't. Competition and Regulation Times, 24.

  • Gilbert, A., Tourani Rad, A., & Wisniewski, T. (2006). Do insiders crowd out analysis?. Finance Research Letters, 3(1).

  • Gilbert, A., Tourani Rad, A., & Wisniewski, T. (2005). Insider trading curbed by legislation. Competition and Regulation Times, 1(18).

  • Etebari, A., Tourani-Rad, A., & Gilbert, A. (2004). Disclosure regulation and profitability of insider trading: Evidence from New Zealand. Pacific-Basin Finance Journal, 12(5).

  • Gilbert, A., Tourani-Rad, A., & Wisniewski, T. (2004). Insiders and the law: The impact of regulatory change on insider trading. [Online]. Enterprise and Innovation Research Papers, (14 http://www.aut.ac.nz/schools/business/research/enterprise_and_innovation/papers.htm). Retrieved from http://www.aut.ac.nz/

  • Gilbert, A., Tourani-Rad, A., & Wisniewski, T. (2004). The impact of regulatory change on insider trading profitability: Some early evidence from New Zealand. [Online]. Enterprise and Innovation Research Papers, (12 http://www.aut.ac.nz/schools/business/research/enterprise_and_innovation/papers.htm). Retrieved from http://www.aut.ac.nz/

Book chapters

  • Gilbert, A., & Tourani Rad, A. (2010). Insider Trading Regulation around the world. In A. Ingley, & C. Tourani Rad (Eds.), Handbook of Corporate Governance.

  • Frijns, A. G., & Tourani Rad, A. (2009). Insider Trading Regulations: A Theoretical and Empirical Review. In A. Tourani Rad, & C. Ingley (Eds.), Emerging Issues in Corporate Governance.

  • Gilbert, A., Tourani Rad, A., & Wisniewski, T. (2005). The impact of regulatory change on insider trading profitability: some early evidence from New Zealand. In M. Hirschey, K. John, & A. K. Makhija (Eds.), Corporate Governance: A Global Perspective (pp. 113-130). Amsterdam, The Netherlands: Elsevier Ltd.

Other outputs

  • Scott, A., & Gilbert, A. (2019). How New Zealanders miss out on hundreds of thousands in retirement savings. Retrieved from https://theconversation.com/

  • Gilbert, A., Scott, A., & Czar, K. (2018). What Kiwis’ want: KiwiSaver product disclosure statements. Department of Finance, Auckland University of Technology & Auckland Centre for Financial Research. Retrieved from https://acfr.aut.ac.nz/

  • Gilbert, A., & Scott, A. (2017). Can KiwiSaver providers justify higher fees?. AUT Informer. Retrieved from https://news.aut.ac.nz/informer

  • Gilbert, A., & Scott, A. (2017). An alternative to compulsory employee contributions. NZ Herald. Retrieved from https://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11919107

  • Gilbert, A., & Scott, A. (2017). Short and Sweet or Just Short? The Readability of Product Disclosure Statements. Auckland Centre for Financial Research.

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